MML Investors Services LLC Takes $160,000 Position in Easterly Government Properties, Inc. (NYSE:DEA)

MML Investors Services LLC acquired a new position in shares of Easterly Government Properties, Inc. (NYSE:DEA – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,115 shares of the real estate investment trust’s stock, valued at approximately $160,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in shares of Easterly Government Properties during the first quarter worth approximately $39,000. Quadrant Capital Group LLC lifted its position in Easterly Government Properties by 166.3% in the second quarter. Quadrant Capital Group LLC now owns 2,229 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,392 shares during the period. Tower Research Capital LLC TRC lifted its position in Easterly Government Properties by 52.6% in the third quarter. Tower Research Capital LLC TRC now owns 4,083 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 1,408 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in Easterly Government Properties in the second quarter worth approximately $88,000. Finally, Investors Asset Management of Georgia Inc. GA ADV lifted its position in Easterly Government Properties by 37.7% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 7,300 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 2,000 shares during the period. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DEA shares. Citigroup downgraded Easterly Government Properties from a “buy” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $15.50 in a research report on Wednesday, December 14th. BMO Capital Markets downgraded Easterly Government Properties from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $18.00 to $14.00 in a research report on Friday, December 16th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, Easterly Government Properties currently has an average rating of “Hold” and an average price target of $17.25.

Easterly Government Properties Price Performance

Shares of NYSE:DEA opened at $14.16 on Monday. The company has a market capitalization of $1.29 billion, a PE ratio of 40.46 and a beta of 0.64. The stock has a fifty day moving average of $15.51 and a 200-day moving average of $15.91. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.16 and a current ratio of 5.16. Easterly Government Properties, Inc. has a one year low of $13.49 and a one year high of $21.46.

Easterly Government Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 21st. Shareholders of record on Thursday, March 9th will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $1.06 dividend on an annualized basis and a yield of 7.49%. Easterly Government Properties’s payout ratio is presently 302.86%.

Easterly Government Properties Company Profile

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Easterly Government Properties, Inc operates as a real estate investment trust. engages in the acquisition, development, and management of commercial properties that are leased to U.S. Government agencies. The company was founded on October 10, 2014 and is headquartered in Washington, DC.